are we getting a recession next or a depression

[BlackEfron]

my sources are very conflicting at the moment
which one are we getting next


- blackierobinson

 

[SirReginald]

my sources are very conflicting at the moment
which one are we getting next


- blackierobinson

Proof

 

[DrBanneker]

Next hit will be real depression. It looks likely the trigger will be China whose debt/GDP ratio went from 250% to 300% in just one year. Companies are getting loans to pay interest on old debt. China has driven a lot of the growth in the last 20 years so this slowdown will be hard to prevent.

In any case, central banks can't do much this time since rates are 0 or negative in most advanced nations. Nowhere else to go....

 

[Domingo Halliburton]

The end of our monetary system as you know it is coming. Call 1-800-RON-PAUL to buy gold now to protect yourself from the collapse!

 

[DrBanneker]

The end of our monetary system as you know it is coming. Call 1-800-RON-PAUL to buy gold now to protect yourself from the collapse!

LOL, I do think putting some gold in your portfolio is wise though There are so many other places to buy gold such as local shops and legit online stores like APMEX.

 

[FAH1223]

Next hit will be real depression. It looks likely the trigger will be China whose debt/GDP ratio went from 250% to 300% in just one year. Companies are getting loans to pay interest on old debt. China has driven a lot of the growth in the last 20 years so this slowdown will be hard to prevent.

In any case, central banks can't do much this time since rates are 0 or negative in most advanced nations. Nowhere else to go....

China, India and Russia are hoarding gold

Canada just sold off the last of its gold

 

[Domingo Halliburton]

In any case, central banks can't do much this time since rates are 0 or negative in most advanced nations. Nowhere else to go....

Central banks could start financing government deficits... That's probably the next step besides just giving people money.

 

[Domingo Halliburton]

China, India and Russia are hoarding gold

Canada just sold off the last of its gold

Then what happens?

Nobody values gold quite like the Chinese and Indians.

 

[TransJenner]

Not yet , but there will be a one world government and Currency soon


You can see it coming from a mile away

 

[Domingo Halliburton]

Not yet , but there will be a one world government and Currency soon


You can see it coming from a mile away

I seriously doubt it. These countries aren't going to give up their sovereignty.

 

[Deutsche Bank]

I seriously doubt it. These countries aren't going to give up their sovereignty.

I hear you talking...

 

[Wild self]

A depression

The concept of a job will be a luxury